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laptop and a pretty view | Financial Therapy Solutions
February 28, 2024

How Financial Therapy Can Impact Your Business

By Wendy Wright, LMFT, Financial Therapist

Can financial therapy help bring balance to your mind and emotions when it comes to your entrepreneurial endeavors? 

For today’s blog post, let’s consider how financial therapy can impact your business.

To start, consider the questions below:

  • Do you find yourself agonizing over your business finances?
  • Do you struggle to “turn off” anxious money thoughts?
  • Does money take up more than 50 percent of all your brain space?
  • When I ask if you have made a 2024 business plan, do you want to run away?

If you answered “yes” to any of the questions above, then I believe that financial therapy can help bring balance to your mind and emotions in your life as an entrepreneur.

In a recent episode of The Women Empower Podcast, host Bri Logue and I talk about the origins of financial therapy and why I built Financial Therapy Solutions to help women heal their relationship to money. We also have fun talking about my unique journey from Memphis to Denver, riding my bike around Elvis’ house, and some of my own financial roller coaster rides. 

As entrepreneurs, Bri and I talked about ways that my approach to financial therapy can impact your business and help soothe your business money mind.  

Your business money life often feels distinctly separate from your personal money life, as if there are two sets of money rules – those shoulds and should nots – for your business funds and personal funds.  This may seem confusing and unclear. Conversely, your business and personal money may feel chaotically tangled up, which can drain you emotionally and create a deep money fog.  

In my financial therapy business consultations, I take entrepreneurs through a series of questions that can help decrease fog and increase clarity. As an example of the work I do with my clients, take some time to journal your responses to the following questions:

  • When I ask you if you know your top five key business numbers, what is your reaction –  in your mind, body, and emotions?
  • What is the amount of money you need to bring to your home/family from your income sources?
  • What is the amount of money you want to bring to your home/family from your income sources?
  • Do you have a written business plan, with numbers, for the next 12 months?

None of these questions are magic, but they are good places to start. Each one can bring up big feelings. If you notice a big feeling – like fear, numbness, avoidance, joy, and/or excitement – write about them. This increased awareness can often help you get one step closer to more clarity in your business money mindset. That is why taking things one step at a time really helps.

 

Ready to get started? Book a discovery call with me now!

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I’d highly recommend working with Wendy. Her mastermind group was fundamental in helping me build my counseling business. It has helped me get past beliefs about money that were unhelpful and limited my progression.
Kathryn EllwoodOwnerSalt Counselling
Wendy helped me look critically at my relationship with money so I could overcome limiting beliefs. She also helped me get more comfortable talking about money because she’s so open about it. I’ve actually had people tell me I’m easy to talk to about project rates and fees—that’s thanks to Wendy!
Ali WeeksOwnerMoxie Writing Co.
Wendy offers a wonderful blend of business knowledge, talk therapy, and financial recovery that can help just about anyone heal their relationship with money. In our work together, I’ve seen her wisdom from such varied life experiences and her true passion for helping clients. Wendy will help you gain clarity and confidence in how you deal with money, all in a way that feels like talking to a friend. Congratulations to Wendy! We’re thrilled to have you as part of the Financial Recovery Institute family.
Karen McCallFounderFinancial Recovery Institute
Working with Wendy has been one of the best decisions I have made for my career. I was able to dig deep into my money bias and see that I was getting in my own way of success. I always saw myself starting my business a few years down the road, but during the workshop, I took the leap and stopped waiting for the “right” moment. If you’re wanting to grow your business, understand your relationship to money, or just gain more confidence in the mastermind you are – work with Wendy. You won’t regret it!
Sarina PonteOwnerBridgewood Recovery
As soon as I start talking money with Wendy, I can exhale and feel my whole body relax. Her empathic, compassionate lead makes me feel good and confident about my relationship with money and how it shows up in my business. I’m always eager to talk money with Wendy!
Jenn UhenFounderThe Pledgettes
Wendy is one of my most trusted referrals. She is able to work with a wide array of diagnoses and specializes in financial therapy and education, which is a perfect fit for many of my clients. Wendy and I have collaborated on challenging cases, which has only reinforced my confidence in her abilities. She is a talented clinician, highly professional, and an excellent collaborator. She is not afraid of a challenge and rises to the occasion with expertise and grace.
Dr. Katie SpencerFounderNorthbound Consulting
I loved Wendy’s energy when I first met her. I knew she was a good fit for me and I felt like her presence would also resonate well with my husband, which it did. We deeply explored the sensitive topic of money and our relationship. Wendy held the space for us to feel the entire spectrum of emotions. My husband and I felt more empathy and, from that place, we were able to have more effective conversations, identify goals, and create strategies for achieving them. We are both grateful for the container Wendy created and support she offered on a challenging journey.
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